ssanders82

Nah, I've seen the lives of my friends who have kids. I'm happy for them, but my wife and I don't want that life. Sounds like having kids was the right choice for you, that's great, but don't preach at us.

We looked at the choices, and made ours. Don't tell me it was the wrong choice, without knowing literally anything about me or my wife. That's pretty patronizing.

I'm not sure I understand how Kelly applies to insurance, as by definition the Kelly of any -EV bet is 0. Can you elaborate on how to do a Kelly calculation with a wager of negative expected value? Or what am I missing?

"utilize"

I think they're defining "productivity" as a fraction, i.e you used to be able to do 38 hours of work in exchange for 43 hours of your life. Now it's 38 hours of work while only using 38 hours.

Then it would be nice if you could suggest an experiment which would yield useful pricing results for him.

I don't know if this was your intention but it's kind of a pet peeve of mine when someone posts "that's useless" to a content creator without elaborating on how they would've approached the issue.

> your trades are getting a different result than if you explicitly paid a brokerage who charges a commission on it.

Yes...the average retail customer submitting a market order will generally get a better fill with PFOF. This is what most people don't usually mention when talking about those terrible high-frequency trading firms.

E.g. if a stock is trading at 10.00x10.10 and I submit a market buy via Robinhood. Citadel or someone else is going to pick that up and sell it to me for, probably, 10.08 or 10.09. Not the 10.10 I would've paid on the open market hitting the offer. It's in fact illegal for me to get a worse (higher) fill than 10.10.

> people with kids win at life

That's a pretty insulting statement for those of us who can't have / don't want children.

It's not a competition. We've chosen different paths than you. Not worse, just different.

Awesome idea, thanks.

"Want a home theatre with a big subwoofer so you can watch movies at home (one of my favorites). Nope, not unless you want some angry neighbors."

How is that buy vs rent? Sounds like just house vs apartment?

I think that applies everywhere...

Nobody really pays for anything with gold Krugerrands either.

Currently getting my Masters in AI. I'll be honest, I can understand the concepts when presented to me, but the mathematical proofs are beyond me. I've learned to be ok with that. There's just not enough time in a 2 year program to teach myself the underlying vagaries of everything I encounter.

the article says "his business is making seven-figure profits"